Expansion of Infrastructure at Kempegowda International Airport

For the expansion of infrastructure at the Kempegowda International Airport (KIA) with a Terminal-2 and associated projects, its operator Bangalore International Airport Limited (BIAL) has raised 10,206 crore from a consortium of banks, including the State Bank of India and Axis Bank. The project is to be completed by mid-2021. BIAL MD and CEO Hari Marar said the timely financial closure will now enable the airport to focus on expansion and ensure that the projects are delivered within committed timelines. In the fiscal 2018-19, the airport catered to 33.3 million passengers, registering a 23.8 per cent year-on-year growth. Traffic is expected to grow in the coming years as India is touted to be the third largest aviation market in the world in the near future. Since its commerical launch in May 2008, the airport has emerged as the country’s third busiest. Over 37 passenger airlines and 12 cargo airlines link Bengaluru to the rest of the world.